2.2.5.2 ¿CUÁNDO COMENZAR LA ENSEÑANZA APRENDIZAJE DE LA LECTOESCRITURA?
2.2.5.4. FACTORES QUE CONFORMAN LA MADUREZ PARA LA LECTOESCRITURA
Section
7100.10 Insurance Forms
7100.20 Employer Coverage: Policy (Repealed)
7100.30 Policy Information Page
7100.40 Issuance of Binder Certificate (Repealed) 7100.50 Termination of Insurance
7100.70 Requirements For Approval as a Self-insurer 7100.80 Self-insurers to File Statements and Reports
7100.85 Administration of Claims Against Securities, Indemnity or Bonds of Self-insurers
Insolvency Fund
7100.95 Employers Liability Fund
7100.100 Insurance Coverage: Compliance
AUTHORITY: Implementing Section 4 of the Workers' Compensation Act [820 ILCS 305/4], Section 4 of the Workers' Occupational Diseases Act [820 ILCS 310/4] and authorized by Section 16 of the Workers' Compensation Act [820 ILCS 305/16] and Section 16 of the Workers' Occupational Diseases Act [820 ILCS 310/16].
SOURCE: Filed and effective March 1, 1977; amended at 5 Ill. Reg. 8910, effective August 24, 1981; codified at 7 Ill. Reg. 2345; emergency amendment at 8 Ill. Reg. 15976, effective August 16, 1984, for a maximum of 150 days; amended at 9 Ill. Reg. 3705, effective March 12, 1985; emergency amendment at 10 Ill. Reg. 6003, effective April 18, 1986, for a maximum of 150 days; amended at 10 Ill. Reg. 15615, effective September 10, 1986; emergency amendment at 14 Ill. Reg. 4920, effective March 9, 1990, for a maximum of 150 days; amended at 14 Ill. Reg. 13149, effective August 1, 1990; amended at 15 Ill. Reg. 16969, effective November 12, 1991; amended at 20 Ill. Reg. 3826, effective February 15, 1996.
Section 7100.10 Insurance Forms
Where the Commission or an agent designated by the Commission (herein referred to as the National Council on Compensation Insurance) has prescribed submission of a policy information page according to Section 7100.30, no other document will be accepted for filing with the Commission or the National Council on Compensation Insurance. (Source: Amended at 10 Ill. Reg. 15615, effective September 10, 1986)
Section 7100.20 Employer Coverage: Policy (Repealed)
(Source: Repealed at 10 Ill. Reg. 15615, effective September 10, 1986)
Section 7100.30 Policy Information Page
a) Every insurer, upon issuance of an insurance policy must within ten (10) days file a policy information page with the National Council on Compensation Insurance showing the location(s) and character of the business operation(s), the date effective, and the policy number. The Policy information page must be counter-signed by a duly authorized agent of the insurance company.
b) A policy information page shall be required where a previous policy information page has been filed and the coverage has been extended, renewed or otherwise continued by the same insurance carrier.
(Source: Amended at 10 Ill. Reg. 15615, effective September 10, 1986)
Section 7100.40 Issuance of Binder Certificate (Repealed)
(Source: Repealed at 10 Ill. Reg. 15615, effective September 10, 1986)
Section 7100.50 Termination of Insurance
No termination notice of policy shall be accepted by the Commission or National Council on Compensation Insurance unless filed on a form prescribed and furnished by the Commission or National Council on Compensation Insurance. Such notice shall provide the following information: carrier name; National Council on Compensation Insurance carrier code; Insured's name and address; federal identification number; the number, effective date, and expiration date of the policy; reason for termination/cancellation; and reinstatement date, if applicable.
(Source: Amended at 10 Ill. Reg. 15615, effective September 10, 1986)
Section 7100.70 Requirements for Approval as a Self-insurer
a) Application
1) Initial Application
A) Any private employer under the Workers' Compensation Act [820 ILCS 305] (the Act) and/or the Workers'
Occupational Diseases Act [820 ILCS 310] who shall desire to be approved as a self-insurer shall file with the
Commission an application for approval on a form prescribed by the Commission and a current financial statement. A private employer does not include group self- insured employers under Section 4(a) of the Workers' Compensation Act or Section 4(a) of the Workers' Occupational Diseases Act or the State of Illinois, any political subdivision of the state, unit of local government or school district, or any other public authorities or quasi- governmental bodies including any subunits of the foregoing entities. (Section 4a-2(c) of the Act)
B) The application and current financial statement shall be signed and sworn to by the president or vice-president and secretary or assistant secretary of the employer if it be a corporation, or by all of the partners, if it be copartnership, or by the owner if it be neither a copartnership nor a corporation. (Section 4(a)(1) of the Act)
C) In the event the employer does not have a current audited financial statement, the employer must submit a current financial statement which has been prepared by an outside
accounting firm.
D) Each controlled employer or subsidiary requesting approval as a self-insurer shall provide the current financial
statement of the parent corporation(s) or each of its controlling person(s) designated by the Commission. i) A subsidiary means any entity in which another
company, directly or indirectly, owns, controls or holds, with the power to vote a majority (more than 50 percent) of the outstanding voting securities of the company.
ii) Controlled employer means a not-for-profit corporation with respect to which an individual or another entity has the right either to elect or appoint, directly or indirectly, a majority of the directors, trustees or other governing body of a not-for-profit corporation, or has the right to approve or disapprove, directly or indirectly, the persons appointed as a majority of the directors, trustees or other governing body of a not-for- profit corporation.
iii) Controlling person means an individual or entity which has the right to elect or appoint, directly or indirectly, a majority of the directors, trustees or other governing body of a not-for-profit corporation; or has the right to approve or disapprove, directly or indirectly, the persons appointed as a majority of the directors, trustees or other governing body of a not-for-profit corporation.
E) All initial applications and financial statements shall be submitted at least 60 days prior to the requested effective date of self-insurance. (Section 4(a)(1) of the Act) F) All initial applications must include evidence of current
Workers' Compensation insurance coverage which shall be maintained until final approval as a self-insurer is granted. G) Each private employer applying for self-insurance shall
indicate how it will service its self-insurance program. The employer shall provide adequate facilities for the
investigation, administration and payment of claims or shall contract with a service company possessing such personnel and facilities to provide such services. In determining whether facilities are adequate for the investigation, administration and payment of claims, the following shall be considered:
i) whether there is personnel experienced in the adjudication of workers' compensation claims; ii) whether there is a reporting system for workers'
iii) whether the reporting system is automated and the frequency of reports generated by the system; and iv) the response system to claims filing.
If the employer has contracted with a service company for the administration of claims, a copy of the contract shall be submitted with the initial application.
2) Renewal Application
A) Each private self-insurer shall, upon notice from the Commission, file annually an application to continue the self-insurance privilege. The renewal application shall be on a form prescribed by the Commission and shall be accompanied by a current financial statement as described in subsection (a)(1)(C). The renewal application and current financial statement shall be signed and sworn to in
accordance with subsection (a)(1)(B) above. Each
subsidiary or controlled employer requesting approval as a self-insurer shall provide the current financial statement of its parent corporation(s) or controlling person(s) designated by the Commission.
B) The self-insurer shall indicate any change in how it will service its self-insurance program. If the employer has contracted with a service company for the administration of claims, a copy of the current contract shall be submitted with the renewal application.
b) Application Fee
1) Each private employer applying for self-insurance and each private self-insurer applying for renewal (continuation) of the self-insurance privilege shall pay a non-refundable application fee of $500.00 which shall be deposited upon receipt by the Commission into the Self-insurers Administration Fund. (Section 4a-4(a) of the Act)
2) Where the applicant is a corporation, an application fee shall be required of each corporation and each and every corporate subsidiary. (Section 4a-4(a) of the Act) Where the applicant is a not-for-profit corporation employer, an application fee shall be required for each and every controlling person and each and every employer applying for the self-insurance privilege or the renewal of the self-insurance privilege.
3) The application fee shall be paid by check or money order made payable to the Self-insurers Administration Fund.
c) Review of Application
1) Within 45 days of receipt of an initial application or an application to renew the self-insurance privilege, the Self-
insurer's Advisory Board (the Board) shall review or see to the review of the application and submit its recommendations for disposition to the chairman of the Commission (the Chairman). (Section 4(j) of the Act)
2) The review of the application shall include, but not be limited to, consideration of the earned points on the financial ratios set forth below:
A) Earned Points on Financial Ratios i) Current Assets to Current Liabilities
2 : 1 = 6 points 1.75 : 1 = 5 points 1.6 : 1 = 4 points 1.4 : 1 = 3 points 1.25 : 1 = 2 points 1.1 : 1 = 1 points 1 : 1 = 0 points
(A negative ratio, one in which current assets are less than current liabilities, may be considered a reason to reject a new application).
ii) Capital & Retained Earnings (Net of Treasury
Stock) to Sales (Less Discounts)
20% = 6 points 17.5% = 5 points 13.5% = 4 points 10% = 3 points 8.5% = 2 points 7% = 1 points 5% = 0 points
iii) Capital & Retained Earnings to Long Term Debt
2 : 1 = 6 points 1.75 : 1 = 5 points 1.6 : 1 = 4 points 1.4 : 1 = 3 points 1.25 : 1 = 2 points 1.11 : 1 = 1 points 1 : 1 = 0 points
B) An employer who earns a total of 18 points in the three financial ratios in subsections (c)(2)(A)(i-iii) above in each year of the most current three years' audited financial statements and has been self-insured for a minimum of three consecutive years shall be deemed to have satisfied the Commission of its financial strength to meet its workers' compensation obligations without the necessity of
other provision satisfactory to the Commission for securing its workers' compensation obligations pursuant to
subsection (c)(3) below.
C) A total of 9 to 18 points earned in the three financial ratios in subsections (c)(2)(A)(i-iii) above shall create a rebuttable presumption that the employer's application should be approved conditional upon the furnishing of appropriate security or other means satisfactory to the Commission for securing its workers' compensation obligations pursuant to subsection (c)(3) below.
D) The Board may recommend for approval applicants who earn less than 9 points in the financial ratios of subsections (c)(2)(A)(i-iii) if the employer's application and financial statement, together with appropriate security or other means satisfactory to the Commission for securing its workers' compensation obligations pursuant to subsection (c)(3) below, demonstrate the ability of the employer to meet its obligations under the Workers' Compensation Act and Workers' Occupational Diseases Act.
3) Security
Where an applicant is required to furnish security, indemnity or a bond or provide some other means satisfactory to the
Commission to guarantee payment of its workers' compensation obligation, the furnishing of such security, indemnity or bond or other provision shall be a condition precedent to the approval of the initial or renewal application for self-insurance. The Chairman may also require that the applicant further secure payment of liabilities under the Workers' Compensation Act and Workers' Occupational Diseases Act by obtaining a policy of excess liability or catastrophe insurance on such form as may be required by the Commission.
A) Security Determination
i) The amount of the security shall be based upon, but not be limited to, such criteria as the employer's financial strength, the amount of aggregate excess insurance, and demonstrated loss experience.
ii) An employer's financial strength shall be determined by applying the financial ratio summarization below. The financial ratio summarization is based upon the total number of earned points as calculated by applying the financial ratios in subsection (c)(2)(A). A financial factor (percentage) is assigned to the financial ratio summarization. The applicable financial factor is applied in determining the amount of security in subsections (c)(3)(B) and (C) below.
Financial Ratio Summarization
Financial Factor Earned Points
16 - 18 points = 35%
14 - 15 points = 40%
12 - 13 points = 60%
9 - 11 points = 70%
B) Security/Loss Fund Determination
i) Where the employer submits audited financial statements, the security requirement shall be determined by using the highest amount of security obtained after applying the following formulas: RESERVE FORMULA
Total outstanding loss reserves are multiplied by the applicable trending factor. In the event that an employer's losses are affected by growth or size of the entity, the losses will be equalized. The following formula is then applied:
total outstanding loss reserves (loss fund) x applicable trending factor x applicable financial factor = security. PAID LOSS FORMULA
Paid losses for up to each of the last 5 years are multiplied by the applicable trending factors. The total of paid losses is divided by the number of years used to obtain the average yearly paid loss. However, in the event that an employer's losses are affected by growth or size of the entity, the losses will be equalized. The following formula is then applied: average yearly paid loss (loss fund) x applicable
trending factor x applicable financial factor = security.
ii) If the employer submits financial statements which are not audited, the security requirements shall be
determined by using the highest amount of security obtained after applying the following formulas: RESERVE FORMULA
total outstanding loss reserves (loss fund) x applicable trending factor x 125% = security.
PAID LOSS FORMULA
Paid losses for up to each of the last 5 years are multiplied by the applicable trending factors. The total of paid losses is divided by the number of years used to obtain the average yearly paid loss. The following
formula is then applied:
average yearly paid loss (loss fund) x applicable trending factor x 125% = security
iii) Where the employer has aggregate excess insurance coverage, security may be based on the aggregate excess loss fund x applicable financial factor (percentage) assigned to the financial ratio summarization in subsection (c)(3)(A)(ii). If the employer submits financial statements which are not audited, the security shall be in an amount equal to the full aggregate excess loss fund multiplied by 125%. iv) If the employer self-administers its workers'
compensation claims program, or if the claims administration contract with an outside administrator does not include service of claims on an incurred basis, a factor of 120% is applied to the formulas used in subsections (c)(3)(B)(i), (ii) and iii above, to cover the contingent claims cost in the event of insolvency. v) All trending factors used in this subsection are adopted
by resolution of the Board and are available from the Board or the Commission upon request. Trending factors are determined by reviewing the rates of inflation for self-insurance, including claim payments, both medical and indemnity, and costs of claim administration. The trending factor shall be determined after consultation with a Fellow of the Casualty Actuarial Society.
C) The security requirement for self-insurers, who upon initial or renewal application, earn less than 9 points after applying the financial ratios in subsection (c)(2)(A), shall be determined as a percentage of the loss fund size as follows:
Points Loss Fund Percentage of
Scored Size Loss Fund
6 - 8.9 0 - 250,000 130 250,001 - 500,000 120 500,001 - 1,000,000 110 1,000,001+ 100 3 - 5.9 0 - 250,000 150 *29068 250,001 - 500,000 130 500,001 - 1,000,000 120 1,000,001+ 110
0 - 2.9 0 - 250,000 200
250,001 - 500,000 175
500,001 - 1,000,000 150
1,000,001+ 130
If the percentage of loss fund referred to above is less than 125% and the employer has submitted unaudited financial statements, the percentage of loss fund used will be 125%. In addition, if the employer self administers its workers' compensation claims program or if the claims
administration contract with an outside administrator does not include service of claims on an incurred basis, a factor of 120% is applied to cover the contingent claims cost in the event of insolvency.
D) No surety bond may be terminated unless the Chairman has received written notice of such prospective termination at least 60 days prior to the termination date.
E) Deposits under escrow agreements shall be cash, negotiable United States government bonds or negotiable general obligation bonds of the State of Illinois. Such cash or bonds shall be deposited in escrow with any State or national bank or trust company having trust authority in the State of Illinois. (Section 4(b) of the Act) All escrow agreements shall be on a form provided by the Commission. Securities used to fund an escrow account shall have at all times a market value at least equal to the security
requirement determined by the Chairman.
F) Alternative and additional means satisfactory to the Commission for securing the payment of workers'
compensation obligations include but shall not be limited to a letter of credit approved by the Chairman. All letters of credit must be on a form prescribed by the Commission. G) As an alternative to posting security, the Chairman will
consider allowing an employer who qualifies for self insurance to provide an indemnification agreement which is unlimited in amount to the Self-insurers Security Fund for payments and expenses the fund incurs as a result of the failure of the employer to make workers' compensation payments as they become due under the Acts. The
indemnitor must be an insurance company, not related to or affiliated with the self-insured employer, that is authorized to do business in this State. The Chairman reserves the right to make a determination as to the acceptability of the indemnitor and the content of the agreement.
4) Guarantee Agreement
A subsidiary or a controlled employer shall obtain a guarantee agreement executed by the parent company or controlling person(s) designated by the Commission. Pursuant to said agreement, the parent company or the controlling person(s) shall guarantee that the obligations of the subsidiary or the controlled employer under the Workers' Compensation Act and the Workers' Occupational Diseases Act shall be paid. The
guarantee agreement shall be submitted on a form prescribed by the Commission. Whenever a guarantor under such an
agreement ceases to be a parent company, or controlling person(s) with respect to the subsidiary or controlled employer whose obligations it has guaranteed, the former parent company and subsidiary or controlling person(s) and controlled employer shall notify the Commission immediately. Notwithstanding any other provisions of this rule, if the Board determines that a controlled person or subsidiary is controlled by an alien controlling person or parent company or is a utility, the Chairman may, in his or her discretion, waive the requirement that the controlled employer or subsidiary provide a guarantee agreement; provided, that the controlled employer or subsidiary or utility shall furnish to the Commission security in an amount to be determined by the same methods used when an unaudited financial statement has been provided pursuant to subsection (c)(3)(B)(ii). "Alien controlling person or parent company" means a controlling person or parent company created or organized under the laws of a jurisdiction other than the United States of America or any political subdivision thereof.
d) Decision
Within 45 days after receipt of an initial application or application to renew (continue) the self-insurance privilege, the Board shall advise the Chairman of its recommendations regarding the disposition of that initial or renewal application. If the Chairman disagrees with any of the Board's recommendations, the Chairman shall, within 30 days after receipt of the Board's recommendations, notify the Board of the reasons in support of the decision. The Chairman shall also